House of the Day: 28 Middagh Street
42 Middagh Street is charming as all heck from the outside, and the modern renovation that was recently performed on it looks quite tastefully done as well. Still, the asking price of the Brooklyn Heights house seems pretty pricey at $4,200,000, especially when you consider the current owners paid only $1,280,000 back in 2004. We’re…
42 Middagh Street is charming as all heck from the outside, and the modern renovation that was recently performed on it looks quite tastefully done as well. Still, the asking price of the Brooklyn Heights house seems pretty pricey at $4,200,000, especially when you consider the current owners paid only $1,280,000 back in 2004. We’re sure they didn’t scrimp on the makeover but we also doubt they dropped three million bucks on it. Thoughts?
28 Middagh Street [Brown Harris Stevens] GMAP P*Shark
Once again, another over priced Brown Harris Stevens listing. What is it with this firm?
Do they teach them in pricing 101 training to price HIGH over price properties?
This should sell for no more than $3million!!!
Yes, it is B Heights on a fab block but no way has the appreciation value reach > $4,2million.
Brownie — how can you say this seems high? People will pay what they want. The market will decide. You shouldn’t make such rash judgements. This property will *speak* to someone and, of course, there’s the privilege of living in the best city on earth… you can’t discount that. In fact, that’s worth the $3,000,000 premium all by itself.
> If you lived in Brooklyn Heights you would grow to love
> that garage door if it were yours.
Why’s that? Is there something in the soil that kills your aesthetic sense?
3.8m will basically buy you a 2br duplex with a 1br rental. Granted, I’d kill for a garage, but this house would fare better had it been renovated as a one-family. The roar of the BQE on Middagh is a further downside.
So this is basically a 1 bedroom apartment with Garage and a 2 bed duplex.
The owner needs to decide if the value of $2.1m for each makes sense?
If the top duplex was to take the Garage for themselves then you’re left with a large one bed apartment to rent out and a tenant who’s going to be sleeping above your car entering and exiting the garage.
Either way the value seems high.
Wow, why don’t I just go into the Real Estate biz because that’s where it’s at.
I feel sorry for the sucker who buys this anywhere over $2million.
Greed is good.
3.8 million
If you lived in Brooklyn Heights you would grow to love that garage door if it were yours.
That garage door sure is “charming as all heck.”